Zilliqa - from exuberance to ... dispair

Noting the potential for an EW Flat Correction, with the double-top, suggestion a possible pivot low of $0.088.

What do you think?

Commentaire:

Sorry for my brevity, but I should note that the Head & Shoulders pattern does not apply unless we see a confirmed close below the neckline. So even though it broke below in today's spike down, there was heavy buying to drive the price back above. For the H&S pattern to playout, price needs to close and hold below the neckline.

If not, then it might just move down to re-test the neckline before moving higher with BTC and the rest of the market in the coming week.

Trade fermée manuellement:

With the bottom in BTC formed just a few hours ago, it is very doubtful that we will see sufficient weakness in ZIL to drop to these levels indicated by C.